Tyntek (TPE:2426) Cash-to-Debt : 2.28 (As of Mar. 2024)

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What is Tyntek Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Tyntek's cash to debt ratio for the quarter that ended in Mar. 2024 was 2.28.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Tyntek could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Tyntek's Cash-to-Debt or its related term are showing as below:

TPE:2426' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.48 Med: 1.17 Max: 2.28
Current: 2.28

During the past 13 years, Tyntek's highest Cash to Debt Ratio was 2.28. The lowest was 0.48. And the median was 1.17.

TPE:2426's Cash-to-Debt is ranked better than
53.84% of 899 companies
in the Semiconductors industry
Industry Median: 1.87 vs TPE:2426: 2.28

Tyntek Cash-to-Debt Historical Data

The historical data trend for Tyntek's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Tyntek Cash-to-Debt Chart

Tyntek Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.92

1.05

1.13

1.96

1.99

Tyntek Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.99	1.86	1.83	1.76	2.28

Competitive Comparison of Tyntek's Cash-to-Debt

For the Semiconductors subindustry, Tyntek's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tyntek's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Tyntek's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tyntek's Cash-to-Debt falls into.

Tyntek Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Tyntek's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1562.341	/	(270.169	+	513.704)
	=	1.99

Tyntek's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1290.124	/	(205.954	+	360.764)
	=	2.28

Tyntek (TPE:2426) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Tyntek Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Tyntek's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Tyntek (TPE:2426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tyntek Corp (TPE:2426) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15, Kezhong Road, Zhunan Township, Hsinchu Science Park, Miaulih, TWN

Website

https://www.tyntek.com.tw

Tyntek Corp is engaged in research and development, manufacturing, and sales of relevant products, including gallium arsenide, infrared, light-emitting diodes, laser diodes, phototransistors, photodiodes, single crystal and epitaxy, crystal grains, optoelectronic systems, radio transmitters, and other electrical devices that can generate radio radiant energy.

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